I am very skeptical about people trashing a company that they do...

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17/05/18

23:45

Post #: 33177424
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Originally posted by jackfisher1 ↑

Im very sceptical about buying any shares in the company, because it looks as if the directors are just fleecing the market with a constant flow of announcements that have been repeated 5 - 6 times over to keep their salaries paid and management costs high, all while destroying shareholder value with constant dilution to fund their operation that’s virtually gone nowhere for the last 2 years.

Just the same crap like, “we have a significant vms deposit, it’s in the top quartile of globbally significant deposits”, yet they can only access it 4 - 5 months of the year.

Or, “Mt Carrington will be a near-term cashflow producing asset that already has financing in place, we’re unique”. Yet they’ve owned the asset for the last 8 years.

The current drilling campaign looks to like it will pump the share price because they will be targeting the best of what is referred to as “know deposits”.

I have no doubt that if the results are what everyone thinks they will be, this will be sitting at 3 cents or higher best case scenario, worst case, 0.005 cents and under with no hope of raising any significant amounts of capital to fund further operations.

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I am very skeptical about people trashing a company that they do not hold, they tend to come across as white ants. Caught out a poster on VMS that had as his sentiment none but what he really wanted to do was buy, check for yourself.

WRM Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
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I am very skeptical about people trashing a company that they do...

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